CONOCOPHILLIPS Reports Fourth Quarter FY2022 Earnings With Total Revenue of USD 3.2 Billion, Up 23.6% Year-Over-Year.
February 17, 2023
Earnings report
CONOCOPHILLIPS ($BER:YCP) reported their fourth quarter earnings for FY2022 on February 2 2023, and the results show a strong performance from the company. This impressive increase was driven mainly by increased production and increased oil and gas prices. Net income for CONOCOPHILLIPS totaled USD 18.6 billion during the fourth quarter, a 22.8% rise year over year.
This was attributed to lower exploration costs, improved operating efficiencies, and higher realized prices for oil, natural gas, and other products. The strong performance seen during the fourth quarter of FY2022 is a testament to CONOCOPHILLIPS’ successes in managing their operations, as they have demonstrated their ability to increase profitability while meeting customer demand.
Share Price
CONOCOPHILLIPS, an energy company based in Houston, TX, reported its fourth quarter fiscal year 2022 earnings results on Thursday. The stock opened at €107.0 and closed at the same, a decrease of 4.3% from its prior close of 111.8. The total revenue for the quarter was reported as USD 3.2 billion, demonstrating a year-over-year increase of 23.6%. Overall, these results demonstrate CONOCOPHILLIPS’ strong performance during the quarter and its ability to drive revenue growth in a challenging market environment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Conocophillips. More…
| Total Revenues | Net Income | Net Margin |
| 78.49k | 18.68k | 22.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Conocophillips. More…
| Operations | Investing | Financing |
| 28.31k | -8.74k | -18.05k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Conocophillips. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 93.83k | 45.83k | 39.22 |
Key Ratios Snapshot
Some of the financial key ratios for Conocophillips are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.1% | 53.3% | 37.3% |
| FCF Margin | ROE | ROA |
| 23.1% | 37.7% | 19.5% |
Analysis
At GoodWhale, we strive to provide investors with the most up-to-date evaluation of the financial stability of various companies. That’s why we analyze CONOCOPHILLIPS‘s financials to reveal any underlying risks and help investors make informed decisions. Based on GoodWhale’s Risk Rating, CONOCOPHILLIPS is a medium risk investment in terms of financial and business aspects. GoodWhale has also detected two risk warnings related to CONOCOPHILLIPS’s income sheet and balance sheet. Don’t forget to register with us to check it out! With our powerful data analysis tools, you’ll get a better picture of your investment opportunities. More…
Summary
Investors responded unfavorably to the latest financial report from ConocoPhillips, despite the company posting a net income of $18.6 billion for the quarter, a 22.8% year-over-year increase. This was likely due to the fact that the company’s stock price moved down on the same day, suggesting that investors are not confident in ConocoPhillips’ long-term prospects or have other concerns about the company’s finances. Despite this unfavorable reaction, shareholders should take comfort in knowing that ConocoPhillips is still showing very positive overall financial performance, as demonstrated by its strong quarter-over-quarter growth.
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